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  1. Troika and Greece in stalemate over budget targets, prior actions as time ticks away
    Photo by MacroPolis

    EconomyProgramme

    Liquidity Assistance (ELA). Greek banks have eliminated the more expensive ELA funding since last May

    6%

  2. Tsipras remains sketchy on coalition options, negotiating positions
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    Emergency Liquidity Assistance (ELA) scheme. “Today Greek banks refinance their loans from the Eurosystem... to ELA the cost will be around 1.55 percent.” Tsipras also suggested he would challenge Germany’s

    6%

  3. General gov't primary cash surplus rises to 3.4 bln in Oct but arrears also growing

    EconomyMacroeconomy

    ) The elimination of the Emergency Liquidity Assistance (ELA) guarantees from 9.79 billion in December to zero as of June. That development reflected Greek banks’ zero reliance on ELA funding as of May

    6%

  4. Greek banks' Eurosystem funding rises again in November, up by 1 bln

    EconomyMacroeconomy

    . The Emergency Liquidity Assistance (ELA) funding, which was eliminated since May, remains almost at zero levels... of ELA funding and the remaining 18.37 billion is attributed to a drop in ECB funding. The reduction

    6%

  5. General government cash surplus widens to 3.68 bln in November, arrears down by 502 mln

    EconomyMacroeconomy

    Assistance (ELA) guarantees from 9.79 billion in December to zero since June. That development stemmed from Greek banks’ zero reliance on ELA funding as of May. The breakdown of guarantees indicated

    6%

  6. SYRIZA's own goals one of main threats to party's poll lead
    Photo by MacroPolis

    PoliticsGreek Politics

    billion euros” via the Emergency Liquidity Assistance (ELA) programme if the European Central Bank cuts off funding to Greek lenders. While Greek banks would be able to borrow via the ELA, and have done so

    6%

  7. Review completion and SMP redemptions will decide Greece's QE eligibility
    Photo by MacroPolis

    EconomyProgramme

    Assistance (ELA) funding for precautionary purposes. This approval was crucial for the four systemic... the Athens News Agency that ECB could extend approval of ELA funding beyond the February 28 deadline

    6%

  8. The immediate economic and financial hurdles for the new Greek government
    Photo by MacroPolis

    EconomyProgramme

    funding tool for Greek banks would be the use of Emergency Liquidity Assistance (ELA) funding. Greek banks would also resort to ELA to replace cash value of ECB funding of more than 20 billion, which

    6%

  9. After rocky start, some political backing for SYRIZA but ECB holds key
    Photo by Kiefer via Flickr https://flic.kr/p/q2j8Dt

    PoliticsGreek Politics

    have turned to the ECB’s Emergency Liquidity Assistance (ELA) for funding. The ECB’s governing council reviews ELA every two weeks and could also choose to stop this form of liquidity if Greece

    6%

  10. Greek gg primary cash surplus at 2.2 bln in 2014, arrears down to 3.75 bln

    EconomyMacroeconomy

    by 5.6 billion euros to 43.16 billion. 2) The elimination of the Emergency Liquidity Assistance (ELA... Greek banks’ zero reliance on ELA funding as of May. However, this figure is expected to rise again

    6%